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These are known as "debt instruments?"
Bonds
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The Knowlege and skills possessed by the work force?
Human Capital
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What is the distinctive characterisitc of a natural monopoly?
Downward Slopping ATC Curve
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Represents a net outflow of dollars to the reast of the world?
Trade Deficiat
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Three major things that must be stated on a bond?
Principle, interest, and terms
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Who proposed five stages of economic development?
Rostow
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Term for income earned on stock?
Dividends
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An industry in which one firm can achieve economies of scale over the entire range of market supply?
Natural Monopoly
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The decline of what nation's poverty led to a significant decline in global poverty?
China
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When the bond market is good, how does the stock market fare?
Generally lower
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Provide money for enterpreneurial ventures?
Venture Capitalists
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What destroyed the basis for natural monopoly?
Advanced technology
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What needs to happen if global poverty is to be cut in half?
3.8% economic growth per year.
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What is the poverty rate in America?
12.5%
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Since 1985, the U.S. has been a net...?
Debtor
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What basic needs do poor nations have?
Water, roads, schools, and legal systems.
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What is the key to ending global poverty
Economic Growth
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How many people are in severe poverty?
Over a billion
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What keeps a lid on upward mobility?
Social Institutions and economic stagnation
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Give three costs of regulation?
Administrative, compliance, efficiency
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What has deregulation generally done?
Lower prices, better services, and more competition.
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How do firms raise capital in the stock market?
Sell stock and ownership
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For whom is inflation good?
Borrows
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An international organization which often arranges currency "bailouts?"
International Monetary Fund
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The price of one country's currency expressed in terms of another's?
Exchange Rate
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Refers to the fall in the price of one currency relative to another?
Depreciation
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Stocks of gold held by a government to purchae foreign exchange?
Gold Reserves
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Name the three financial markets?
Stocks, Bonds, and Futures
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What is the vital process of the intermediary?
Spreading the risk
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Type of reasons to get a job?
Social, psychological, economic
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Holdings of foreign exchange y official government agencies, usually the central ank or treasury?
Foreign exchange markets
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The devaluation of what currency had a domino effect on other Asian currencies?
Baht (Thai)
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A system in which exchange rates are permitted to vary with market supply and demand conditions?
Flexible Exchange Rates
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A summary of a country's international economic transactions in a given period of time?
Balance of payments
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Three ways the financial markets assist the economy?
Mobilize savings, manage risk, and signal resource allocation
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